Join our community of smart investors

Matchtech's main man pledges support

The recruitment sector is still wading through muddy waters, but this chief executive is bullish on the future
August 18, 2016

Shares in recruiter Matchtech (MTEC) have done pretty well since the June referendum, but that doesn't mean that the sector is out of the woods. The recruitment industry has been suffering for most of the year as fears gather pace over a rumoured recession in the UK in 2017.

IC TIP: Buy at 371p

Matchtech has done well to offset any losses through acquisition, which helped boost year-end net fee income (NFI) by 34 per cent overall. On a like-for-like basis, however, NFI only nudged up 1 per cent as strong growth across infrastructure and engineering technology was dented by poor demand across the oil and gas and maritime sectors.

Pledging his support is chief executive Brian Wilkinson, who added close to 48,000 new shares to his portfolio, shelling out just over £170,000 in the process.

 

Buys
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Atlantis Japan Growth Fund Philip Ehrmann10 Aug 1620,00015030,00020,0000.050
Aviva Michael Mire04 Aug 167,500405.0830,38115,0000.000
Aviva Adrian Montague (ch)04 Aug 167,000406.8528,48033,0820.001
Devro Gerard Hoetmer (ch)05 Aug 165,00024712,35065,0000.039
Devro Gerard Hoetmer (ch)05 Aug 165,00024812,40070,0000.042
Devro Gerard Hoetmer (ch)05 Aug 165,00025012,50075,0000.045
Dialight Martin Rapp04 Aug 164,97658529,11013,5000.042
Dialight Martin Rapp04 Aug 167,024586.841,2178,5240.026
Dunelm  Keith Down (cfo)05 Aug 165,62986548,69114,1400.007
Elegant Hotels♥  David Adams08 Aug 166,00063.53,81016,0000.018
Elegant Hotels  Richard Jones (cfo)05 Aug 1640,0006325,20040,0000.045
French Connection  Christos Angelides08 Aug 1620,000408,000120,0000.125
Hutchison China Meditech♥ Christopher Nash04 Aug 163,120190059,28039,5540.065
Invesco Income Growth Trust Mark Dampier05 Aug 168,752284.12524,86724,8200.042
Jersey Electricity Martin Magee (fd)05 Aug 161,5164206,36710,6000.091
Ladbrokes John Kelly (ch)10 Aug 1619,400152.829,64377,4410.008
Laird Kjersti Wiklund04 Aug 16400316.51,26610,4000.004
Laird Kjersti Wiklund05 Aug 162,600323.98,42113,0000.005
MS International Michael Bell (ch)08 Aug 1620,00015030,0004,905,17329.720
Matchtech  Brian Wilkinson (ceo)10 Aug 1647,722357170,36892,7220.299
Premier Foods Gavin Darby (ceo)05 Aug 16662,05851.3634340,0554,815,5840.582
Rolls-Royce Holdings Ian Davis (ch)08 Aug 16259763.51,97740,9700.002
Rolls-Royce Holdings Ruth Cairnie08 Aug 16254763.51,9399,9840.001
Rolls-Royce Holdings Frank Chapman08 Aug 16518763.53,95519,9310.001
Royal Bank of Scotland (The)♥ Sheila Noakes08 Aug 1620,000180.336,06041,0000.000
SRT Marine Systems Andrew Lapping09 Aug 1620,00048.49,6801,238,0800.970
Sainsbury (J) Matthew Brittin05 Aug 1613,09022829,84514,0900.001
Schroder Oriental Income Fund Peter Rigg09 Aug 1611,000227.351225,00923,1420.010
Sound Energy♥ Stephen Whyte (ch)08 Aug 1624,1716214,986165,9570.031
Spirax-Sarco Engineering♥ James Pike10 Aug 161,133441349,9992,8200.004
Tertiary Minerals* Donald McAlister09 Aug 1698,9371.3751,360453,8940.170
U and I  Richard Upton10 Aug 1646,012161.574,3092,990,5742.390
United Utilities  Alison Goligher 04 Aug 163,000995.449729,8633,0000.000
Verona Pharma Jan-Anders Karlsson (ceo)09 Aug 16600,0003.24919,4943,470,0000.135
Vitec Caroline Thomson09 Aug 168,40759049,6018,4070.019
Vitec  Christopher Humphrey04 Aug 165,00057028,50010,0000.022
Vitec Mark Rollins09 Aug 165,10059030,09010,0000.022
Zegona Communications Murray Scott05 Aug 1620,000110.522,10020,0000.010
Zegona Communications Eamonn O'Hare (ch & ceo)05 Aug 16185,001109201,6511,960,0001.000
Zegona Communications Robert Samuelson05 Aug 169,000110.449,940789,0020.402

Sells
CompanyDirectorDateNo of sharesPrice (p)Value (£)Holding (shares)Holding (%)
Law Debenture Corp (The) Caroline Banszky04 Aug 1610,00048848,800264,4200.223
Law Debenture Corp (The) Caroline Banszky08 Aug 1610,000489.1748,917194,4200.164
Law Debenture Corp (The) Caroline Banszky08 Aug 1620,000490.4698,092244,4200.207
Law Debenture Corp (The) Caroline Banszky08 Aug 1640,000490.16196,064204,4200.173
MS International David Pyle08 Aug 1620,00015030,0001,770,35910.726
*Placing/tender/open offer ♥Spouse/connected party